Oracle's Future Looks Bright But Beware Of Near-term Speed Bumps: Analysts Weigh In On Cloud And Q2 Guidance
Portfolio Pulse from Anusuya Lahiri
Oracle Corp (ORCL) reported Q1 revenue of $12.45 billion, up 9% YoY, and adjusted EPS of $1.19, beating estimates. However, the company's Q2 growth outlook was lower at 3-5%. Analysts from Piper Sandler, Wolfe, Mizuho, William Blair, JMP, Goldman Sachs, and BofA weighed in on the company's performance and future prospects. Despite some concerns about near-term growth, analysts generally remain positive about Oracle's long-term prospects, particularly in the cloud sector.
September 12, 2023 | 6:52 pm
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Oracle's Q1 results beat estimates, but the company's Q2 growth outlook is lower than expected. Despite this, analysts remain positive about the company's long-term prospects, particularly in the cloud sector.
Oracle's Q1 results were strong, beating estimates, which is positive for the stock. However, the company's Q2 growth outlook is lower than expected, which could put some pressure on the stock in the short term. Despite this, analysts remain positive about the company's long-term prospects, particularly in the cloud sector, which could support the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100